Punch Powerglide

Type
Business expansion
Country
France
Region
Grand Est; Alsace; Bas-Rhin
Location of affected unit(s)
Strasbourg
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
200 jobs
Number of planned job creations
Job creation
Announcement Date
27 April 2015
Employment effect (start)
1 September 2015
Foreseen end date
31 December 2016

Description

The car gearbox manufacturer Punch Powerglide is to recruit about 200 employees by 2016. The aim of the company is to increase its production of new 8 speed automatic gearboxes for the car manufacturer BMW. For this reason Punch Powerglad has decided on an investment of €60 million euro in its site increasing the workforce from 1,150 to 1,350 employees.

Sources

  • 27 April 2015: Punch Powerglide (Press release)
  • 27 May 2015: L'usine Nouvelle

Citation

Eurofound (2015), Punch Powerglide, Business expansion in France, factsheet number 83556, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83556.